If I own a business in a company format and receive a regular salary for my self, am I eligible to obtain full doc loan as a regular salary employee? Do the lenders look for the history of the company? ( I am in the business only for few months but receive fix regualr income each month)Many thanks
There are too many unknowns to provide you with a structured response but in the main lenders will want to see a track record in regards to the Tax Returns before approving on a full doc basis.
In saying that it also depends on your previous occupation, PAYG income etc.
Bottom line is just because you can get finance over the line can you afford to pay it back.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender